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Nonprofit · EIN 31-1577589

AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC

Tax-exempt · NEW YORK, NY 10019

Financials

$22.5M$20.2M2023$9.8M$22.8M2024
Revenue Expenses · by fiscal year end
Financials of AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$9,803,056$22,808,817-$13,005,761$15,573,137$116,958$15,456,179
December 31, 2023990$22,461,872$20,154,030$2,307,842$28,576,900$96,828$28,480,072
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$9,474,931
Program service revenue
$0
Investment income
$328,125
Net gain from sales of assets
$281,692
Other revenue
$0

Expenses

Grants and similar amounts paid
$21,739,313
Compensation of officers, directors and key employees
$257,440
Other salaries and wages
$298,712
Salaries, compensation and benefits (total)
$696,498
Professional fundraising fees
$0
Accounting fees
$23,500
Occupancy
$59,955
Travel
$122,645
Program services (functional)
$22,271,208
Management and general (functional)
$330,831
Fundraising (functional)
$206,778

Balance sheet and other

Total assets, start of year
$28,576,900
Total assets, end of year
$15,573,137
Total liabilities, end of year
$116,958
Net assets, end of year
$15,456,179
Publicly traded securities
$2,381,673
Net assets without donor restrictions
$375,918
Net assets with donor restrictions
$15,080,261
Gross receipts
$11,988,792
Employees
4
Volunteers
25
Year formed
1994
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LESLIE SKYBAEXECUTIVE DIRECTOR
Key employee
40$216,667$40,773
AMY GROSSDIR. OF ADVANCEMENT
Highest-paid employee
40$121,212$46,556
GIL TENZERCHAIRMAN
Trustee or director, Officer
1$0$0
LAUREN CRAMERSECRETARY
Trustee or director, Officer
1$0$0
JOANNE LANDAUTREASURER
Trustee or director, Officer
1$0$0
MIRIAM ADELSONBOARD MEMBER
Trustee or director
1$0$0
GIDEON ARGOVBOARD MEMBER
Trustee or director
1$0$0
ROBERT BLUMBOARD MEMBER
Trustee or director
1$0$0
ELI ELEFANTBOARD MEMBER
Trustee or director
1$0$0
DAVID FINEBOARD MEMBER
Trustee or director
1$0$0
MARK GERSONBOARD MEMBER
Trustee or director
1$0$0
NATHAN HEVRONYBOARD MEMBER
Trustee or director
1$0$0
DANIEL JUSIDMANBOARD MEMBER
Trustee or director
1$0$0
RONALD LAUDERBOARD MEMBER
Trustee or director
1$0$0
ANDREW LEWINBOARD MEMBER
Trustee or director
1$0$0
12 more people on this return
NameTitleHours / weekCompensation
JOEY LOWBOARD MEMBER
Trustee or director
1$0
ROY RASKINBOARD MEMBER
Trustee or director
1$0
STEWART RESNICKBOARD MEMBER
Trustee or director
1$0
ALLEN ROSESHINEBOARD MEMBER
Trustee or director
1$0
STEPHANIE SEBAGBOARD MEMBER
Trustee or director
1$0
DEBORAH SLADEBOARD MEMBER
Trustee or director
1$0
GADI SLADEBOARD MEMBER
Trustee or director
1$0
MENACHEM STERNBERGBOARD MEMBER
Trustee or director
1$0
ANDREW TAITZBOARD MEMBER
Trustee or director
1$0
ALBERTO VITALEBOARD MEMBER
Trustee or director
1$0
GUY WELTSCHBOARD MEMBER
Trustee or director
1$0
YORAM WINDBOARD MEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 27 people
NameTitleHours / weekCompensationOther / benefits
LESLIE SKYBAEXECUTIVE DIRECTOR
Key employee
40$200,000$45,114
AMY GROSSDIR. OF ADVANCEMENT
Highest-paid employee
40$105,000$64,040
GIL TENZERCHAIRMAN
Trustee or director, Officer
1$0$0
LAUREN CRAMERSECRETARY
Trustee or director, Officer
1$0$0
JOANNE LANDAUTREASURER
Trustee or director, Officer
1$0$0
MIRIAM ADELSONBOARD MEMBER
Trustee or director
1$0$0
GIDEON ARGOVBOARD MEMBER
Trustee or director
1$0$0
ROBERT BLUMBOARD MEMBER
Trustee or director
1$0$0
ELI ELEFANTBOARD MEMBER
Trustee or director
1$0$0
DAVID FINEBOARD MEMBER
Trustee or director
1$0$0
MARK GERSONBOARD MEMBER
Trustee or director
1$0$0
NATHAN HEVRONYBOARD MEMBER
Trustee or director
1$0$0
DANIEL JUSIDMANBOARD MEMBER
Trustee or director
1$0$0
RONALD LAUDERBOARD MEMBER
Trustee or director
1$0$0
ANDREW LEWINBOARD MEMBER
Trustee or director
1$0$0
JOEY LOWBOARD MEMBER
Trustee or director
1$0$0
ROY RASKINBOARD MEMBER
Trustee or director
1$0$0
STEWART RESNICKBOARD MEMBER
Trustee or director
1$0$0
ALLEN ROSESHINEBOARD MEMBER
Trustee or director
1$0$0
STEPHANIE SEBAGBOARD MEMBER
Trustee or director
1$0$0
DEBORAH SLADEBOARD MEMBER
Trustee or director
1$0$0
GADI SLADEBOARD MEMBER
Trustee or director
1$0$0
MENACHEM STERNBERGBOARD MEMBER
Trustee or director
1$0$0
ANDREW TAITZBOARD MEMBER
Trustee or director
1$0$0
ALBERTO VITALEBOARD MEMBER
Trustee or director
1$0$0
GUY WELTSCHBOARD MEMBER
Trustee or director
1$0$0
YORAM WINDBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
156 WEST 56TH ST 3RD FLOOR, NEW YORK, NY 10019-3877
Principal officer (990 for 2024)
GIL TENZER, 156 WEST 56TH ST 3RD FLOOR, NEW YORK, NY 10019
Signed the 990
LESLIE SKYBA, EXECUTIVE DIRECTOR
Phone
(212) 213-5961
Return prepared by
BERNSTEIN ROSEN & COMPANY CPAS PC

Mission

TO ENCOURAGE STUDENTS TO PURSUE THEIR PERSONAL DREAMS BE THEY IN BUSINESS, LAW, COMPUTER SCIENCE, GOVERNMENT, STRATEGY, DIPLOMACY, OR COMMUNICATIONS, WITHOUT FORGETTING THEIR RESPONSIBILITY TO COMMUNITY, WHETHER LOCAL OR GLOBAL.

990 for the year ended December 31, 2024

Program accomplishments

  • ACADEMIC PROGRAMS - 1) PROVIDE SUPPORT TO 11 SCHOOLS WITHIN REICHMAN UNIVERSITY, INCLUDING THE SCHOOL OF BUSINESS, COMMUNICATIONS, COMPUTER SCIENCE, GOVERNMENT, PSYCHOLOGY, LAW, ECONOMICS, ENTREPRENUERSHIP, SUSTAINABILITY, MEDICINE AND THE RAPHAEL RECANATI INTERNATIONAL SCHOOL. 2) PROVIDE SUPPORT FOR A LEADING EDGE RESEARCH PUBLICATION, 2 INTERNATIONAL CONFERENCES, 2 FELLOWSHIP PROGRAMS AND 6 RESEARCH INSTITUTES AND 3)SUPPORT SOCIAL AND CULTURAL ACTIVITIES ON CAMPUS.
    Expenses $5,158,606 · grants $5,158,606
  • SCHOLARSHIPS TO ENCOURAGE STUDENTS TO PURSUE HIGHER EDUCATION.
    Expenses $6,032,707 · grants $6,032,707
  • GENERAL SUPPORT - PROVIDE SUPPORT TO REICHMAN UNIVERSITY'S OPERATING AND INFRASTRUCTURE GROWTH COSTS.
    Expenses $11,079,895 · grants $10,548,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1577589
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$15,573,137
Income (IRS master file)
$11,988,792

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$9,803,056$22,808,817$15,573,137IRS
990December 2023$22,461,872$20,154,030$28,576,900XML
990December 2022$26,601,902$15,108,806$26,021,150IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1577589).

Questions about AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC

What is the EIN of AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC?
The employer identification number (EIN) of AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC is 31-1577589.
Is AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC?
The 990 for the year ended December 31, 2024 names GIL TENZER.
Who are the officers and directors of AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC?
The 990 for the year ended December 31, 2024 lists 27 people; 2 received compensation from the organization, the highest $216,667 (LESLIE SKYBA, EXECUTIVE DIRECTOR).
How much revenue does AMERICAN FRIENDS OF REICHMAN UNIVERSITY INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $9,803,056, expenses of $22,808,817 and total assets of $15,573,137 at year end.

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